Chapter 8 example #67451

The labor force is

The unemployment rate is:

To be counted as unemployed, one must:

If a country has a working-age population of 200 million, 135 million people with jobs, and 15 million people unemployed and seeking employment, then its unemployment rate is:

If a country has a working-age population of 200 million, 135 million people with jobs, and 15 million people unemployed and seeking employment, then its labor force is:

Which of the following statements is true?

A person who is not working and is not looking for work is:

You are a college student and not working or looking for work. You are:

A survey reveals that on a small island initially 100 people have jobs, 25 people are looking for jobs, and 45 people are neither working nor looking for work. Suppose that 15 of the 45 people who weren't looking for work now begin looking for work. There are now 40 people looking for work and 100 people working. What happens to the unemployment rate?

If the rate of unemployment is 10% and the labor force is 130 million, the number of unemployed workers is:

If a country has a working-age population of 200 million, 135 million people with jobs, 10 million people who were looking for a job but have given up, and 5 million people unemployed and seeking employment, then its labor force is:

The official unemployment rate reported by the government may tend to understate the amount of unemployment because it:

When the economy is at full employment:

In February of 2012, the Bureau of Labor Statistics calculated the unemployment rate to be 8.3%. If frictional unemployment was 2% and structural unemployment was 3.2%, then cyclical unemployment would be:

If money income remains the same while the average price level doubles, then:

Increases in the average level of prices are called:

(Table: The Consumer Price Index (CPI)) According to the accompanying table, the consumer price index in 2009 was 212.2. In 2010, it was 216.7. What was the rate of inflation from 2009 to 2010?

Shoe-leather costs refer to the:

When hyperinflation forces Pedro to change the price stickers on the books in his bookstore very frequently to keep up with the aggregate price level, economists say that Pedro is experiencing a:

Unit-of-account costs of inflation are the: